Homeowners in various states, including Florida and South Africa, are experiencing significant increases in insurance rates due to volatile weather conditions. Some individuals are questioning the value of homeowners insurance as premiums rise, with instances of policy abandonment and premium hikes up to 15% in flood-prone areas.
In Mondayβs paper: As homeowner's insurance prices climb, more Americans ask: Is it worth it? https://t.co/1qm1KknjIv https://t.co/0CzpqwfdfP
πΊπΈ More Homeowners Ditching Insurance β«Share without policies has doubled in five years; here's what driving trend β«@bailey_schulz @jguynn β«https://t.co/sGTiSo74X1 π #frontpagestoday #USA @USATODAY πΊπΈ https://t.co/E33R26Sx0W
Several of South Africa's insurers are pricing in the impact of extreme weather events into premiums, one of which said it raised premiums up to 15% in flood-prone KwaZulu-Natal in the past few years. | @LameezOmarjee https://t.co/eaYLFKKVub
AS HOMEOWNER'S INSURANCE PRICES CLIMB, MORE AMERICANS ASK: IS IT WORTH IT? (USA Today) It was 2019 when Anjali Tierra decided that homeowners insurance wasn't worth the price. The retired high school teacher, 58, took out a policy in late 2018 after purchasing a three-bedroom⦠https://t.co/wgbTqhoPHO
#Florida insurance has always cost more than most states, but some homeowners are seeing their rates double or more as volatile weather in recent years has led insurers to post deep underwriting losses. Discover how other states ranked here: https://t.co/RglNgtv52X https://t.co/GxM03fL4VT